According to Odaily Odaily, in response to a major shareholder's proposal to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company EmperyDigital issued a statement saying that the board of directors and management have evaluated the proposal and believe that liquidating all Bitcoin assets is not in the best interests of all shareholders, therefore the plan will not be implemented at this stage.
The statement also said that although the company's share price was below its net asset value, it had implemented a share buyback program. Regarding the allegations made by shareholder Tice P. Brown, the company stated that his statements were untrue and that ATG Capital had not communicated with the company's directors or senior management. (Businesswire)
